Quarterly report pursuant to Section 13 or 15(d)

Note D - Revenue Recognition

v3.22.2
Note D - Revenue Recognition
9 Months Ended
Jul. 02, 2022
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]

Note D—Revenue Recognition

 

Our Condensed Consolidated Statements of Operations include revenue streams from retail sales at our branded retail stores; direct-to-consumer ecommerce sales on our consumer-facing web sites; and sales from wholesale channels, which includes our business-to-business ecommerce and DTG2Go sales.  The table below identifies the amount and percentage of net sales by distribution channel (in thousands):

 

   

Three Months Ended

 
   

June 2022

   

June 2021

 

Retail

  $ 4,412       3 %   $ 3,543       3 %

Direct-to-consumer ecommerce

    1,145       1 %     2,105       2 %

Wholesale

    121,318       96 %     113,018       95 %

Net sales

  $ 126,875       100 %   $ 118,666       100 %

 

   

Nine Months Ended

 
   

June 2022

   

June 2021

 

Retail

  $ 9,685       3 %   $ 8,429       3 %

Direct-to-consumer ecommerce

    3,199       1 %     5,393       2 %

Wholesale

    356,435       96 %     308,193       95 %

Net sales

  $ 369,319       100 %   $ 322,015       100 %

 

The table below provides net sales by reportable segment and the percentage of net sales by distribution channel for each reportable segment (in thousands):

 

   

Three Months Ended June 2022

 
   

Net Sales

   

Retail

   

Direct-to-consumer ecommerce

   

Wholesale

 

Delta Group

  $ 106,020       0.1 %     0.4 %     99.5 %

Salt Life Group

    20,855       20.8 %     3.4 %     75.8 %

Total

  $ 126,875                          

 

   

Three Months Ended June 2021

 
   

Net Sales

   

Retail

   

Direct-to-consumer ecommerce

   

Wholesale

 

Delta Group

  $ 102,562       0.2 %     0.3 %     99.5 %

Salt Life Group

    16,104       20.6 %     11.1 %     68.3 %

Total

  $ 118,666                          

 

   

Nine Months Ended June 2022

 
   

Net Sales

   

Retail

   

Direct-to-consumer ecommerce

   

Wholesale

 

Delta Group

  $ 323,276       0.1 %     0.3 %     99.6 %

Salt Life Group

    46,043       20.3 %     5.0 %     74.7 %

Total

  $ 369,319                          

 

   

Nine Months Ended June 2021

 
   

Net Sales

   

Retail

   

Direct-to-consumer ecommerce

   

Wholesale

 

Delta Group

  $ 284,404       0.3 %     0.3 %     99.4 %

Salt Life Group

    37,611       20.6 %     12.1 %     67.3 %

Total

  $ 322,015